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    Waterfront Restaurant and Cabins Title is generated by Realmo AI

    11633 LAKEVIEW DR, Butternut, WI 54514

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    For Sale
    $849,000

    COMMERCIAL - Butternut, WI

    Lot size:
    2.70 Acres
    Added:
    Jun 25, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 27 at 1:06 pm

    Property Features for 11633 LAKEVIEW DR

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Parking features
    Paved or Surfaced
    Exterior features
    HandicapAccessible, SprinklerIrrigation, Landscaping, Storage
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    006-00228-0200
    Lot size
    2.70 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 1 CERTIFIED SURVEY 312 PT OF GOVT LOT 2 SEC 32 T41N R1W
    Tax Annual Amount
    3383

    Utilities

    Heating system
    Propane (Heating), Forced Air, Baseboard
    Cooling system
    Central Air, Window Unit(s)
    Water source
    Well
    Water front features
    Lake Front
    Water front
    1

    Building Details

    Floors in Building
    1
    Flooring type
    Tile, Laminate, Carpet
    Building materials
    Frame, LogSiding, VinylSiding, WoodSiding
    Roof type
    Shingle, Metal, Composition
    Additional Structures
    Storage, Outbuilding

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    RENEE & CHAD RASMUSSEN TEAM
    RENEE & CHAD RASMUSSEN TEAM

    Listing agent RENEE & CHAD RASMUSSEN TEAM

    Listing office REDMAN REALTY GROUP, LLC 231 Oneida St PO Box 1287, Minocqua, WI

    Listing date Jun 25, 2026

    MLS# 218101

    Copyright © 2026 Greater Northwoods MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Approx. 2.7 acres with 190'+/- of lake frontage on full recreational Butternut Lake
    • Bobber's On The Lake includes restaurant/tavern, resort lodging, and the real estate and business sale
    • Four on‑site cabins: one 3BR/1BA, one 1BR plus loft/1BA, and two studio cabins with lofts and bathrooms
    • Recent improvements include new ice machine (2026), pizza prep table, beverage cooler, and walk‑in cooler compressor
    • Updated lake access with newer docks and multiple piers, plus storage shed and room for future expansion (buyer to verify)
    • Accessibility and utilities: accessible approach with ramp, well water source, sprinkler irrigation, central air and window units

    Overview

    Bobber’s On The Lake is an operating hospitality property combining a restaurant and tavern, lakefront outdoor dining, and four on-site cabins. The site includes direct access to Butternut Lake with 190'+/- of waterfront, multiple piers, and a lakeside patio for dining. Accommodations consist of one 3BR/1BA cabin, one 1BR plus loft/1BA cabin, and two studio cabins with lofts and bathrooms. The sale includes the real estate and the business, along with a substantial inventory of restaurant and business assets and all cabin contents to support a smooth transition for a new owner.

    The property is situated on approximately 2.7 acres and is described as having ample parking and strong visibility for customers arriving by vehicle. It is also positioned on ATV and snowmobile routes, supporting year-round visitation, and customers may arrive by boat with the ability to dock at one of the multiple piers.

    Recent improvements noted in the offering include a new ice machine (2026), a pizza prep table, beverage cooler, walk-in cooler compressor, and newer docks, along with additional equipment updates. A storage shed and room for future expansion are included, subject to buyer verification. This is a practical fit for an owner-operator seeking a turnkey waterfront dining and lodging concept or a buyer looking to continue the existing hospitality use with on-site lodging.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bobber’s On The Lake Restaurant

    Suggested Use

    Restaurant Real Estate Agency Big Box & Wholesale Store Hotel & Motel Bed & Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Butternut
    County
    Ashland
    State
    Wisconsin
    Longitude
    -90.5128759
    Latitude
    45.9907154

    FAQs

    What type of property is this?
    Resort - Own a Northwoods waterfront operation with on-site dining, multiple cabins, and direct access to Butternut Lake.
    Where is this resort located?
    The property is located at 11633 LAKEVIEW DR Butternut, WI.
    What is the asking price?
    The asking price for this property is $849,000.
    What are key features of this property?
    This property features: Approx. 2.7 acres with 190'+/- of lake frontage on full recreational Butternut Lake; Bobber's On The Lake includes restaurant/tavern, resort lodging, and the real estate and business sale; Four on‑site cabins: one 3BR/1BA, one 1BR plus loft/1BA, and two studio cabins with lofts and bathrooms
    More about this property
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